NetSuite Going IPO

NetSuite filed for IPO last week

- Losses of 23 million on profit of 67 million...hmmm. I think Salesforce.com was also in red when it went IPO but ofcourse they were pretty much on the break-even point then. I think  it was more like losses of 3 million on revenues of 90+ million. Not bad..maybe a couple of more years to NetSuite

- NetSuite should be able to hit the 100 mill mark this year I believe

- In their S1 filing, its been reported that all data/services run from 1 data centre. WHAT THE FUCK? Isn't this absolutely suicidal?

- NetSuite has been around since 1998, I think...same time as SalesForce. Why has their growth been much slower? (1) SFDC is all Marketing..top notch..right from the CEO to the website..their marketing screams top-class CRM product. Good stuff (2) CRM is much easier to sell. ERP sell over the phone is not so straightforward. You're talking about business processes here, damnit. But still.

- I actually believe in the NetSuite model. This is what SMEs should be looking at. ERP+CRM. Not just CRM. In my opinion, this company should have been a slamdunk right from the start. I really wonder why the market acceptance has not been very high. As fas as SAAS goes, I don't think best-of-breed would work out for SMEs. They're looking for a 'complete' solution. Why NetSuite Why?

- Larry Elison owns 74% of NetSuite. Again, WTF? Anyhoo...

- Microsoft just launched their Dynamics Live CRM or whatever its called. Good competition on the pricing and MS should have good adoption rates. I don't know how good the product is though. Note: Partner % for MS is 10% while NetSuite offers 30 to 35%. Hmm..

- I don't think SAAS is suitable to large enterprises..CRM maybe but definitely not ERP. Still very immature and its hard to customize to specific business processes. There's a reason why they claim short deployment time etc. But for SME's Oracle or SAP lock-in lacks sense. Too much money is spent on such solutions. Don't think its worth it.